Swiggy eyeing to launch IPO at USD 15 bn valuation

NEW DELHI: Foodtech firm Swiggy, which was last valued at $10.7 billion, is reportedly targeting a valuation of $15 billion valuation for its initial public offering (IPO). The company, which competes with Zomato, is working to launch a mega IPO of $1 – $1.2 billion.

On Friday, one of Swiggy’s investor 360 One valued Swiggy at $ 11.5 billion. Other investors, however, sees the Bengaluru-based company at much higher valuation. Invesco had last valued Swiggy at $12.3 billion while Baron Capital valued the firm at $15.1 billion. Swiggy was valued at $10.7 billion after its last funding round in 2022.